Author: News Desk
The Electricity Amendment Bill 2022 has been introduced in the Lok Sabha. The changes are proposed to end distribution monopolies to provide customers with a choice and improve the business. However, the opposition, All India Power Engineers Federation and many others have objected to its passage. What is the Electricity Amendment Bill? Here is what you should know. As per the bill, it provides a choice to electricity buyers. A new supplier can use existing infrastructure to supply power. However, critics say that it is indirect privatisation. There is a possibility of predatory pricing. Moreover, urban areas will have many licensees and loss-making…
Tesla and SpaceX CEO Elon Musk finally met his Twitter buddie from Pune, the 24-year-old IT professional Pranay Pathole, at his Gigafactory in Texas. In a tweet, Pathole said it was so great to meet Musk in person.Musk and Pathole have been friends since 2018 on Twitter, and keep discussing a myriad of topics from space to cars and more.
The Centre said there are no plans to levy charges for making payments through Unified Payments Interface (UPI). And added the service is a “digital public good with immense convenience”. The Ministry of Finance said the concerns of service providers for cost recovery have to be met through other means. This comes days after the Reserve Bank of India (RBI) sought feedback from stakeholders. On the possibility of imposing gradual charges on payments made through UPI.
Anand Mahindra has shared his thoughts about advice by Rakesh Jhunjhunwala. The billionaire businessman tweeted a post about this. Rakesh Jhunjhunwala frequently spoke about generating wealth. “At the last stage of his life Rakesh gave the most valuable and profitable investment advice ever. It’s advice that is worth billions and the best part is, it requires investing your time, not your money,” Mahindra wrote.Mahindra was referring to Rakesh Jhunjhunwala statement , “My worst investment has been my health. I would encourage everybody to invest the most in that”.
The Ministry of Electronics and Information Technology (MeitY) is currently in consultation with Google Play. To find a way to curb malpractices by digital lending apps. The options may include restricting the apps from accessing user data. MeitY is considering legal provisions to restrict the access of apps only to the data necessary for their operations. It is also examining the rationale for which such apps require access to contact details, media and messages of the users.
The UK is planning to introduce self-driving cars. They would be operating on UK highways in the next year. New legislation for self-driving will happen by 2025. The project is backed by a 100 million pounds funding. The self-driving vehicle market could create up to 38,000 jobs. Self-driving vehicles would reduce accidents on roads. Self-driving vehicles for motorways can be purchased within the next year. Users would need a valid driving licence for this. Those for public transport or delivery will be available by 2025.
Fourth edition of “TANSEED” (Tamil Nadu Startup Seed Grant Fund) to kickstart your startups. TANSEED provides a seed fund support up to INR.10 Lakhs as a grant to budding startup entrepreneurs in their early stages of the company. TANSEED aims to bridge the gap in fund requirements of startups during their early stages. For registration visit https://forms.zohopublic.in/startuptn/form/TANSEED40ApplicationForm/formperma/PNc6IQygnNbcDKBjfUiavHt_JE28yK8Dc9d05oEHMlQLast date to apply : 21st August 2022
Adani Power Ltd to acquire DB Power in a cash transaction at an enterprise value of ₹7,017 crore.DB Power owns and operates a 2×600 megawatt (MW) thermal power plant at the Janjgir Champa district in Chhattisgarh. Adani Power will acquire 100% of the total issued, subscribed and paid up equity share capital and preference share capital of DPPL.
Union minister for road transport and highways Nitin Gadkari unveiled India’s first electric double-decker air-conditioned bus in Mumbai. The electric bus is manufactured by Switch Mobility, Ashok Leyland’s electric vehicle arm. It’s India’s first and unique electric double-decker air-conditioned bus – Switch EiV 22. Semi-low floor, air-conditioned, electric double-decker with wider door on rear overhang and a rear staircase. The architecture of the double decker uses a 650 V system. Switch India has already secured an order of 200 electric double decker buses in Mumbai.
Instagram is announcing three new features for users who make Reels videos, which include the ability to crosspost to Facebook and more.The three new Reels features include:Crossposting from Instagram to Facebook,“Add Yours” sticker and Detailed insights about Reels performance on Facebook.